Updated from 9:48 a.m. EST to provide analyst upgrades on Research In Motion and Oracle, as well as updated share prices.

NEW YORK (

TheStreet

) --

Research In Motion

( RIMM) shares were up 10.1% to $13.79 Wednesday on reports from

Reuters

and

The Wall Street Journal

that the BlackBerry maker has been approached by other companies about a potential acquisition.

Reuters

reported

that

Amazon

(AMZN) - Get Report

looked at RIM, but ultimately decided not make a formal bid.

The Journal

reported

that both

Microsoft

(MSFT) - Get Report

and

Nokia

(NOK) - Get Report

also looked at the company in a joint bid.

New York-based investment bank Jeffries upgraded shares to hold, citing the potential for a partnership down the line.

Jabil Circuit

(JBL) - Get Report

shares were off 5.4% to $18.87 after the contract manufacturer reported weaker-than-expected earnings and guided the second quarter below analysts estimates.

Citing higher inventories, Jabil Circuit reported first quarter earnings of 65 cents per share on revenue of $4.3 billion, below analyst expectations of $4.41 billion. Second quarter guidance is expected to be between 52 cents and 62 cents per share, on revenues of $4 billion to $4.2 billion. According to analysts polled by Thomson Reuters, Wall Street analysts are looking for earnings of 59 cents per share on $4.23 billion in revenue.

Oracle

(ORCL) - Get Report

shares tumbled 13.7% to $25.17 after the company

missed analyst estimates

Tuesday.

The database giant reported adjusted earnings of $2.8 billion, or 54 cents per share, for its fiscal second quarter ended Nov. 30 on revenue of $8.8 billion. Analysts polled by Thomson Reuters expected earnings of 57 cents a share in the three-month period on revenue of $9.23 billion.

The company said that it was seeing some additional approval for contracts in the second quarter, which could be a sign of a slowing macro economy.

Canaccord Genuity downgraded shares two notches to hold, with a price target of $28.

--

Written by Chris Ciaccia in New York

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